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Under the existing Municipal Agreement, NCDOT would reimburse the County 80% of eligible <br />projects costs, up to $146,900 for the first year, with Orange County providing the local match of <br />$71,375. <br />FINANCIAL IMPACT: Orange County would be eligible for 100% reimbursement for the <br />estimated $20,275 total cost to purchase and install the transit shelter and the four bicycle racks <br />for OPT buses and 100% (up to $198,000) of Orange Public Transit's operating expenses for <br />the intra-Hillsborough transit route. <br />The Hillsborough Town Board has committed the 20% local match, required by provisions of the <br />grant, for three years operations of an intra-Hillsborough transit route. The Supplemental <br />Agreement would reimburse 100% of the first year's operating expenses, noted above, reducing <br />Hillsborough's obligated commitment to a 20% local match for years 2 and 3. <br />The local jurisdictions will be responsible for operating expenses for the route after the three <br />year start-up period. There are currently two initiatives in progress that will address agreements <br />regarding local support for transit operations: <br />1. The Orange County Transit Plan and associated Transit Financial Plan; and <br />2. The Consolidation Study for Chapel Hill Transit and Orange Public Transit. <br />RECOMMENDATION(S): The Manager recommends the Board: <br />1. Approve the Supplemental Agreement for TIP Project C-4932 A and C-4932 B and <br />authorize the Manager to sign the Agreement; and <br />2. Direct staff to work with the Town of Hillsborough to develop a Memorandum of <br />Agreement reflecting the Town's action to provide the local match for transit <br />operations for Federal Fiscal Years 2012 and 2013. <br />